The effects of gender composition of senior management on the economic fallout

Autor:	Mary E. Graham, Cynthia Bansak, Allan A. Zebedee
Rok vydání:	2011
Předmět:	Finance Economics and Econometrics business.industry Control (management) Commission Treasury Troubled Asset Relief Program Financial crisis Economics Demographic economics business Senior management Equal employment opportunity Risk management
Zdroj:	Applied Economics Letters. 18:1603-1607
ISSN:	1466-4291 1350-4851
DOI:	10.1080/13504851.2011.554364
Popis:	In this article, we test the proposition that the presence of women in management impacts decision-making outcomes. In particular, we hypothesize that the greater the proportion of women on the senior management team, the lower the degree of risks taken at the firm level. Using data from the US Equal Employment Opportunity Commission (EEOC), the Center for Research in Security Prices (CRSP) and the US Treasury in this study, we create firm-level gender ratios and control for firm size to assess the impact on two separate risk outcome measures. We find some evidence that financial institutions with more women in the senior management team avoided having to accept Troubled Asset Relief Program (TARP) funds, but that the proportion of women executives has no impact on stock return volatility.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::8a0a4997d2f021648e8f3c4b8e4ddc27 https://doi.org/10.1080/13504851.2011.554364 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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